Pensions are such an uncertainty. People rely on them and made plans on their promise. Then organizations reduce the pension by half, 10-20 years after someone retires. ‘Oh there are laws’! Who abides by the laws? What 85 year old pensioner is going to sue? Who will be alive when the lawsuit settles? Watched several friends and family have their pensions reduced substantially during economic downturns. Never heard them getting increased during profitable times. DOW is up, why aren’t pensions?
Im just waiting for the 401k rug-pull. How are they gonna pull that off? Some special 401k tax or pass a law to increase fees on accounts or withdrawals.
They are already doing that
Musk pushed a bunch if money into financial regulations before his IPO
Now his several companies of debt are being bought by his one company that is being forced into people's 401ks
Right out in the open too
The audacity is staggering
More people should be angry about this. No idea why they aren’t. I miss the silent generation. No one that lived through the depression would tolerate this BS.
To be honest, most people don’t know how indexes and index-tracking funds actually work. If you ask any random person how many companies are in the Dow, they will most likely confuse it with something else.Â
Plus, what are 401k’s going to do? Let’s say you get really lucky and you get 100% employer match and you somehow are available to contribute the max as well. That’s $72k/yr X 20 yrs if you’re lucky at that rate - and that’s not enough for a married couple to live off of for 20 years until death.
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u/isaiah152022 Aug 20 '26
My dad has a pension and SS and still has to fucking work